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Do You Want to Know If Meteor Trade Is Legitimate or a Scam Broker?
Meteor trade may almost get away with convincing the public that it’s a licensed broker. Aside from the terrible headline “Become an experienced trader with the largest financial partner” its homepage looks professional. The devil, however, is in the details–and the SEC and FCA warnings.
There Are Some Problems with Meteor Trade
When we look a the trading conditions, that’s where Meteor Trade shows it’s a scam. It offers bonuses that are meant to hamper withdrawals. It reserves the right to suspend client accounts at any time, it says it can change fees for no reason. It can charge a 30% inactivity fee. This broker claims to charge no commissions but in the fine print, it deducts commissions from client accounts automatically. The broker also says all funds belong to the broker until the trade is executed. So then, they can just take their time, can’t they? There is no surprise this broker has been flagged by the SEC for not having the license. The FCA says it is a clone broker scam.
Red Flags that NYSE Meteor Trade Could Be a Scam Broker
- Flagged by the SEC and FCA
- Clone broker
- Fake license
- No transparency
- Terrible terms and conditions–can do whatever it wants
- Bad reviews
If You Need Fund Recovery from Meteor Trade, Talk to Us
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with this broker close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.